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PARIS, July 15 (Reuters) – Stocks will follow on Friday on the Paris stock exchange and in Europe:
*AXA AXAF.PA announced on Thursday that it has closed the sale for €660 million of a €16 billion portfolio of life insurance and pension contracts in Germany, a transaction that will allow the French insurer to reduce its exposure to financial market risks again.
* The automotive sector could respond to ACEA’s announcement on Friday of a further 16.8% year-on-year decline in new car sales in Europe in June, their twelfth consecutive month of decline. Over the first six months of the year, the market fell by 13.7%.
* ATOS ATOS.PA said Thursday it did not plan a capital increase after S&P lowered its credit rating to “BB,” with a negative outlook.
* RIO TINTO RIO.L RIO.AX warned on Friday that labor shortages in Australia related to the COVID-19 pandemic and inflation would weigh on current results in the second half. The title in Sydney lost almost 2%.
* RICHEMONT CFR.S – The Swiss luxury group on Friday reported revenue growth of 12% at constant exchange rates for the April-June period, the first quarter of fiscal year 2022-2023. The title is indicated by 3%.
*BURBERRY BRBY.L published quarterly comparable sales at just 1%, due to lockdowns in China, the largest market.
* AIR FRANCE-KLM AIRF.PA – KLM, the Dutch branch of the group, announced Thursday evening that it had reached an agreement with the unions representing its employees, which could end the social movement that has been disrupting its activities for several weeks. On the French side, Transavia, a subsidiary of the group hit by a cabin crew strike since Wednesday, has announced plans to operate 70% of its capacity on Friday and Saturday and 75% on Sunday.
France-Transavia still hit by strike action
* ERICSSON announced on Friday that it had received the green light from the Committee on Foreign Investments in the United States (CFIUS) for the acquisition of Vonage VG.O, a $6.2 billion operation, which is pending completion was postponed from the investigation by the US authorities into the implications for national security.
* ASTON MARTIN AML.L has announced its intention to raise £653 million (approximately EUR 770 million) through a capital increase through the issuance of warrants in which Saudi Arabia’s sovereign wealth fund, called upon to become its second shareholder, will participate.
*TOMTOM TOM2.AS – The Dutch navigation and digital mapping specialist published an even heavier-than-expected quarterly loss on Friday, explained by inflation and tensions in supply chains.
* TRADE BANKS – The Swedish bank published a quarterly profit that was significantly lower than market expectations.
(Written by Claude Chendjou and Marc Angrand, edited by Sophie Louet and Matthieu Protard)